Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 7 to 4.3.
Financials
Financial year 2025
INDUSTRIAL ENGINEERING SUPPORT from Waterloo, company number BE0429498182, closed financial year 2025 with a result of € 3,584 after tax. For that financial year INDUSTRIAL ENGINEERING SUPPORT recorded a gross margin of € 253,628 and equity of € 77,534. Compared with financial year 2024, the result moved from € 2,478 to € 3,584. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 11, 2026.
€ 77,534
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,584
▲ 45% vs 2024
Profit after tax over the fiscal year.
€ 1,224
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 16,034.
People and assets in 2025
4.3
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 223,101
▼ 43% vs 2024
€ 51,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,130
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 68,219
▼ 83% vs 2024
€ 18,219 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 22,831
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,501
▼ 72% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 389,236 | € 479,634 | € 465,473 | € 253,628 | ▼ 46% |
| Profit after taxes | € -54,219 | € 15,041 | € 2,478 | € 3,584 | ▲ 45% |
| Equity | € 61,931 | € 76,972 | € 79,450 | € 77,534 | ▼ 2% |
| Total debts | € 817,820 | € 849,760 | € 824,452 | € 361,473 | ▼ 56% |
| Cash | € 35,797 | € 43,702 | € 1,577 | € 1,224 | ▼ 22% |
| Retained profit | € -5,069 | € 9,972 | € 12,450 | € 16,034 | ▲ 29% |
| Bank debt | € 462,918 | € 418,371 | € 397,745 | € 68,219 | ▼ 83% |
| Balance sheet total | € 879,751 | € 926,732 | € 903,902 | € 439,007 | ▼ 51% |
| Employees (FTE) | 6.9 | 7 | 6.8 | 4.3 | ▼ 2.5 |
Key figures of INDUSTRIAL ENGINEERING SUPPORT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to INDUSTRIAL ENGINEERING SUPPORT?
What happened at INDUSTRIAL ENGINEERING SUPPORT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,584 (▲ 45% vs 2024). filed late Source: NBB ↗
- MICHEL LIETART became a director. NBB
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 54,219 loss in 2022 to € 3,584 profit in 2025.
Paid € 23,758 in corporate taxes since 2022.
Best year ever: 2023, with € 15,041 profit.
On average € 59,000 of value added per employee in 2025.
Management
The stake of A + E comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INDUSTRIAL ENGINEERING SUPPORTBehind INDUSTRIAL ENGINEERING SUPPORT is MICHEL LIETART . The shares are held by A + E (100%). It owns 87% of TEXTISS S.A. itself.
Directors
According to the 2025 annual accounts
since 2025
Shareholders
100%
Participations
87%
Establishments
Establishment units
Physical locations of this company
Avenue des Alliés 48
1410 Waterloo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.498.182
- VAT number
- BE 0429.498.182
- Registered office
- Avenue des Alliés 48, 1410 Waterloo
- Names & denominations
- INDUSTRIAL ENGINEERING SUPPORT · I.E.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 1986
- Peppol
- Active · Active since 10 Jul 2025
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